Nifty and bank nifty index 05/05/22
Charts and index daily #78
Nifty 50 current price – 16677.60
Niftyfut current price – 16702.50
Niftyfut Outlook:
Niftyfut has moved from 16450 (20th Dec 2021) to 18363.50 ( 18th Jan 2022). On 4th May 2022, it has closed at 16702.50 30min 20EMA – 16920
If today 05th May, it opens or moves above 16920, then it can move further till 17004.
Niftyfut Support: 16700 - 16450 - 16250 - 16000.
Niftyfut Resistance:16850- 17004 -17200 - 17307 - 17430.
Niftyfut Range: 16500 - 17700 for this week (02nd May to 6th May 2022).If TCS,RELIANCE,HDFCBANK,HDFC start falling more than 2% - 3% ,then Nifty can reach 16500 this week.
Bank nifty current price – 35264.55
BankNifty Fut current price – 35308.15
BankNifty Fut Outlook:
Banknifty future has moved from 34150 (20th Dec 2021) to 38965.65 (18th Jan 2022). On 4th May 2022, it has closed below 200 EMA - 36273.
If today 05th May - it opens above or moves above resistance level - 35900, then it can move further till 36350
BankNifty Fut Support: 34930 - 34717 - 34378 - 34000.
BankNifty Fut Resistance: 35346 - 35740 -36241 - 36691 - 37246.
BankNifty Fut Range: 34700 - 36700 for this week (02nd May to 6th May 2022).
Kindly like, share, and subscribe now to receive the newsletter directly to your email box.